Wright Medical (NSDQ:WMGI) yesterday beat the consensus for both sales and earnings with its third-quarter results and raised its outlook for the rest of 2018. The Memphis-based orthopedics firm slashed its losses by -67.8% to -$42.5 million, or -38¢ per share, on sales growth of 13.8% to $194.1 million for the three months ended Sept. […]

Wright Medical (NSDQ:WMGI) said today that it closed its $435 million buyout of Cartiva and its synthetic cartilage implant for treating arthritis in the big toe. Alpharetta, Ga.-based Cartiva won pre-market approval from the FDA for the SCI implant in July 2016 (the device won CE Mark approval in the European Union back in 2002 and is also on the market in […]

Wright Medical (NSDQ:WMGI) shares traded down this morning after it priced an offering it plans to use to fund the $435 million buyout of Cartiva. Wright said it plans to finance the Cartiva purchase, announced yesterday morning, with an equity offering. Alpharetta, Ga.-based Cartiva makes a synthetic cartilage implant for treating arthritis in the big toe. Yesterday […]

Wright Medical (NSDQ:WMGI) said today that it agreed to pay $435 million in cash to acquire Cartiva and its synthetic cartilage implant for treating arthritis in the big toe and raised its sales outlook for the rest of the year. Alpharetta, Ga.-based Cartiva won pre-market approval from the FDA for the SCI implant in July 2016 (the device won […]

Stryker (NYSE:SYK) said today that it’s launching a new fixation anchor for extremity repair surgeries, SonicAnchor, that’s designed to be liquefied by sonic energy and flow into cancellous bone. Kalamazoo, Mich.-based Stryker said the SonicAnchor device’s tip is made of a bioresorbable polylactide polymer that’s ready for stable fixation 5 seconds after application. “SonicAnchor is transforming […]

Cartiva said today that it won pre-market approval from the FDA for an implant designed to treat arthritis in the big toe. Alpharetta, Ga.-based Cartiva said the device is the 1st synthetic cartilage implant approved for the U.S. market. It’s meant as an alternative to the standard of care, a fusion procedure using screws and plates. […]

DT MedTech said it acquired the Hintermann lower extremities assets for an undisclosed amount, including the H3 total ankle replacement and revision system and the Kalix II implant designed to treat flat-foot deformities. Baltimore-based DT MedTech said the deal also includes a system for patients cobalt-chrome sensitivities, plus the instrumentation and consumables for the implants, which were developed by Dr. Beat […]

Sonoma Orthopedic Products added $12 million to its coffers, thanks to private equity shop First Analysis, saying it plans to use the proceeds to get its "flexible-to rigid" ankle implant on the U.S. market.